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We provide advice, comment, information, and technical tips across all our services and sectors.

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NHS Pension Members – Annual Pension Benefit Statements

Posted on: August 17th, 2017 by Sarah Curzon No Comments

The NHS Pensions Agency previously provided its members with an annual pension benefits statement upon request. Total Reward Statements (TRS) have been introduced to provide NHS members with a better understanding of the benefits which they have or may have access to.  In order to obtain an annual pension benefit statement, members will now need to access their NHS Pension TRS on-line. (more…)

Have you made the most of your ISA allowance?

Posted on: August 10th, 2017 by Austin Broad No Comments

Although the new tax year began back in April, it’s not too late to make the most of your annual ISA allowance. Investing in an ISA could be the ideal way to boost your savings, but the rules surrounding them may appear far more complex than they are. Here are four simple reasons to take advantage of this tax-free allowance. (more…)

Is your practice at risk of ‘last man standing’?

Posted on: August 4th, 2017 by Sarah Curzon No Comments

Medical accountant Sarah Curzon explains how to protect yourself against a collapse in your GP partnership

Despite the UK general practice narrative of working at scale through super partnerships, practice mergers and the like, some GPs continue to operate as single handers by choice, and happily so. Accountable to no-one but themselves, these GPs feel it is the perfect practice model for their particular circumstances. (more…)

Internal audit / internal control reviews

Posted on: August 2nd, 2017 by Sarah Case No Comments

Month eight of our publication “keeping your charity on the right track” examines the principles of internal controls.  It looks specifically at the need for a review, what the review should cover, who should do it and what actions should be taken. (more…)

Salary or dividend?

Posted on: July 28th, 2017 by Sarah Curzon No Comments

What combination of salary and dividend should you take in 2017/18?

As the owner and director of your own company, you can choose how and when to extract funds from your company. As almost all the funds you take out will create a tax charge in your hands, you may want to leave a proportion of the money in the company until you really need it. (more…)

Planning your retirement

Posted on: July 28th, 2017 by Leighton Reed No Comments

Whatever your age, it’s never too late to start saving to retire.

It’s more important than ever to start your retirement planning from an early age, however dull a prospect that may sound to younger generations.

Putting money into a pension each month will provide you with a regular income once you retire. (more…)

A problem with HMRC’s software will mean that some tax payers will have to submit paper tax returns

Posted on: July 25th, 2017 by Leighton Reed No Comments

Personal tax changes mean that, currently, HMRC online systems cannot correctly deal with certain levels of income and the result is some tax returns will have to be submitted manually otherwise people could face a higher tax bill.

The new rules that have come into force regarding the way in which interest and dividend income is taxed for the 2016/17 tax year, has brought with it a problem in how overall income tax liability is calculated online for certain individuals. (more…)

Company car taxation – what you need to know

Posted on: July 25th, 2017 by Sarah Curzon No Comments

Constant changes to company car tax mean that anyone with responsibility for fleets or in possession of a company or salary sacrifice arrangement car needs to keep up to speed with the latest tax rules.

Company car tax was reformed in April 2002 to an emissions-based system. Since then the charge is calculated by applying a percentage figure (the appropriate percentage) to the list price of the car. The fuel type of the car and its CO2 emissions determine the appropriate percentage, with diesel cars attracting a 3% uplift on the benefit in kind (BIK) compared to a petrol car with the same CO2. (more…)

Making Tax Digital delayed until 2020 for all taxes except VAT

Posted on: July 25th, 2017 by Leighton Reed No Comments

HMRC has announced a deferral to the launch of Making Tax Digital (MTD) following concerns raised by the accountancy profession, businesses and parliamentary bodies. The recommendation to postpone the implementation of MTD to 2019/2020 was originally proposed by the Treasury Committee in January which called HMRC’s plans ‘over ambitious’ in their 50 page report. The system for keeping tax records digitally was originally set to go live from April 2018. (more…)

The State of UK Agriculture

Posted on: July 25th, 2017 by Sarah Curzon No Comments

The annual government report on agriculture has recently been issued. At 110 pages it is not easy reading, but it certainly sheds light on an industry which we, as accountants, normally only observe on a piecemeal basis. (more…)

Latest From The Blog


NHS Pension Members – Annual Pension Benefit Statements

The NHS Pensions Agency previously provided its members with an annual pension benefits statement upon request. Total Reward Statements (TRS) have been introduced to provide NHS members with a better understanding of the benefits which they have or may have access to.  In order to obtain an annual pension benefit statement, members will now need to access their NHS Pension...

Read more

Have you made the most of your ISA allowance?

Although the new tax year began back in April, it’s not too late to make the most of your annual ISA allowance. Investing in an ISA could be the ideal way to boost your savings, but the rules surrounding them may appear far more complex than they are. Here are four simple reasons to take advantage of this tax-free...

Read more